Bank of America Corp DE Purchases 237,599 Shares of Jabil, Inc. $JBL

Key Points

• Bank of America increased its Jabil stake by 27.2% in the first quarter, adding 237,599 shares to own 1.11 million shares valued at approximately $295.2 million. Institutional investors collectively hold 93.39% of Jabil’s stock.
• Jabil exceeded quarterly expectations, reporting adjusted EPS of $3.16 versus the $3.10 consensus and revenue of $8.75 billion, up 11.8% year over year. Analysts maintain a consensus “Buy” rating with an average price target of $453.67.
• Jabil declared a quarterly dividend of $0.08 per share, equivalent to $0.32 annually and a 0.1% yield, payable September 2 to shareholders of record on August 14.

Bank of America Corp DE raised its holdings in Jabil, Inc. (NYSE:JBL - Free Report) by 27.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,111,402 shares of the technology company's stock after acquiring an additional 237,599 shares during the quarter. Bank of America Corp DE owned approximately 1.05% of Jabil worth $295,222,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Integrated Wealth Concepts LLC increased its position in Jabil by 34.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,811 shares of the technology company's stock valued at $382,000 after purchasing an additional 720 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Jabil by 70.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,320 shares of the technology company's stock worth $2,493,000 after purchasing an additional 7,602 shares during the period. Focus Partners Wealth boosted its stake in shares of Jabil by 20.0% in the 1st quarter. Focus Partners Wealth now owns 4,967 shares of the technology company's stock valued at $676,000 after purchasing an additional 829 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Jabil by 50.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 582 shares of the technology company's stock valued at $79,000 after purchasing an additional 194 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Jabil during the second quarter worth $488,000. Institutional investors own 93.39% of the company's stock.

Jabil Price Performance

Shares of NYSE:JBL opened at $314.49 on Monday. Jabil, Inc. has a 1-year low of $189.60 and a 1-year high of $428.93. The stock has a market cap of $32.96 billion, a PE ratio of 39.26, a price-to-earnings-growth ratio of 0.94 and a beta of 1.30. The stock's fifty day simple moving average is $347.90 and its two-hundred day simple moving average is $305.61. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 2.17.

Jabil (NYSE:JBL - Get Free Report) last issued its quarterly earnings results on Wednesday, June 17th. The technology company reported $3.16 EPS for the quarter, beating analysts' consensus estimates of $3.10 by $0.06. Jabil had a return on equity of 83.93% and a net margin of 2.57%.The company had revenue of $8.75 billion during the quarter, compared to the consensus estimate of $8.61 billion. During the same period last year, the business posted $2.55 earnings per share. Jabil's revenue was up 11.8% on a year-over-year basis. Jabil has set its FY 2026 guidance at 12.700-12.700 EPS and its Q4 2026 guidance at 3.800-4.200 EPS. As a group, analysts forecast that Jabil, Inc. will post 11.71 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, August 14th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil's dividend payout ratio is presently 4.00%.

Insider Transactions at Jabil

In other Jabil news, EVP Matthew Crowley sold 94 shares of Jabil stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $345.00, for a total value of $32,430.00. Following the sale, the executive vice president owned 57,536 shares of the company's stock, valued at approximately $19,849,920. The trade was a 0.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.35% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on JBL shares. JPMorgan Chase & Co. lifted their target price on shares of Jabil from $395.00 to $450.00 and gave the stock an "overweight" rating in a research note on Thursday, June 18th. Weiss Ratings raised shares of Jabil from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, July 1st. Argus set a $475.00 price target on Jabil in a report on Thursday, June 18th. The Goldman Sachs Group lifted their price objective on Jabil from $384.00 to $482.00 and gave the stock a "buy" rating in a research report on Thursday, June 18th. Finally, Zacks Research upgraded Jabil from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $453.67.

About Jabil

Jabil Inc NYSE: JBL is a global manufacturing solutions provider specializing in electronic manufacturing services (EMS) and diversified products across a wide range of industries. The company partners with original equipment manufacturers to deliver design engineering, supply chain management, precision manufacturing, and aftermarket services. Jabil's expertise spans sectors such as healthcare, automotive, clean technology, telecommunications, consumer electronics, and packaging, enabling it to support both high-volume production and complex, mission-critical applications.

Founded in 1966 by William E.

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